Wednesday, July 15, 2020

Prime Securities : Emerging Value.

NB:The Owner Creator and/or contributor of this blog is neither a research analyst nor an Investment Advisor . The views expressed by him on stock markets and equities are purely as an Investor/trader in Indian equities.  This blog owner /creator will not be responsible for any loss arising out of any post or opinion on this blog. Please do your own research and/or consult your investment advisor before acting on any such information.

Prime Securities Ltd

1. Managed by an experienced  team led by 2 very prominent financial markets professionals- N Jayakumar and Akshay Gupta. Between both of them, they have immense  experience in investment banking, asset management, capital markets and commercial banking. They have significant shareholding in the business.

2. Team expansion in the last 2 years to include multi-sector, multi-dimension professionals. E-Sops driven model for variable rewards and loyalty. Team size of ~ 15 highly experienced and prominent frontline Bankers along with another ~15 support staff and analysts.

3. Pure Advisory businesses ranging from equity and debt capital markets, corporate finance, restructuring, insolvency M&As, PE investments. Hence, capital accretion only to be used for return to shareholders.

4. return/reward to shareholders in some form in the future highly likely.

5. Almost a Crisis proof business as it covers corporate and institutional clients across all life-cycles and most sectors.

6. Quality and Marquee clients, where mandated advisory and investment banking fees is virtually guaranteed and hence receivables are close to NIL

7. Some of their team members are working for last 20 years.

8. Deal pipeline and revenue visibility for next 12-18 months. Fixed expenses(mainly employee) as a percentage of revenue amount to only 25% in the last 3 years, Hence high PBT and steady ROEs. Annual expenses of only Rs 25 Cr in FY20.

9. USD 10 million dollars of fees in FY 20 which was 58% higher than FY19 and Cash profit of almost USD 5 million, which was higher by 114% over FY19.

10. A flexible fleet-footed organisation that recognizes challenges and adapts quickly .

All The best with your trading and investment !! Carpe Diem . 

Source : Scuttlebutt , Conversations with industry peers ,HOS , Data in the public domain .

Monday, May 27, 2019

Punters Weekly Musings 27-5-19 onwards

Resuming my blog after a vacation …Let me get to the point .. Elections done – a Stable Government in place and  Incremental clarity on the way going forward bodes well for the markets . My personal view is that now the mid – small and the microcap space should light up now albeit selectively and on a case to case basis. 

I am NOT a analyst so I only share my investments and trades and hence it would be prudent on your part – the reader- to assume that I have a position / holding in the stocks that I mention.

Carpe Diem !! All the best for your investments and Trading !!

Saturday, April 20, 2019

Punters weekly musings

Friends ,

Tempus Fugit (Time Flies),another week gone by – a truncated week though – and as we go into the new week I have a small long position on Bharat Financial Inclusion –again with a few days view . Hoping it does well .

Keeping score last week’s trade did an approximately 5 % upmove . Not bad for a week . Could have been better though J .  (Always aim for the stars) !.

For the weekend listening - Suggesting Fellow traders hear “The Gambler” by Kenny Rogers. .. apt for a trader !.

All The best with your trading and investment !! Carpe Diem .

Sunday, April 14, 2019

Punters weekly musings 14-4-2019

Its been a traders week like any other ... some good trades spotted and new bets taken .I for one found the time to read a book this week - its called How To Be Idle by Tom Hodkinson -His philosophy is that of a relaxed approach to life and to enjoy each day as it comes . This is a book worth a read .. dont let the title turn you off . This one is a gem .

On the trading side i've kept it light this week . Indraprastha Gas Ltd , is a stock i'm long with a "few days" view and a strict stop loss . Hoping it plays out well  .

The ususal caveat - Im not a analyst or advisor , and only use this blog to share my views on trading and sometimes share views on  the stocks i hold .

PS :Ive been busy researching some SME stocks and will share details when I have my study done 

Till then - Carpe Diem & All the best with all your trades and investments

Sunday, April 7, 2019

7th April 2019
 Sunil B. Chabria
Lawyer | Investor | Blogger
Tempus Fugit Ergo Carpe diem
(Time Flies therefore seize the day)

Friends ,

Welcome to where I share my views on Investing , Trading ,Law, Materialism and Random Musings. I hope to pen down a write up at least once in a fortnight if not weekly. I will share my investments as I churn them real time or EOD as I take on new investments , I don’t intend to recommend any stocks , rather just share my investing diary and what I find interesting about a stock – Similarly for fellow stock traders I do intend to start a puntersdiary telegram channel where I share my trades as I take them real time – and keep score  -  details will be updated soon here .

Similarly I will share my views/opinions on Law – and related topics –worth reflecting upon.

If you need to reach me you can drop me a mail at . if the question / request on Investing and/or Law is specific I will definitely try and respond in reasonable time .

Networking Requests I suggest you connect on Linkedin.

Best Regards ,
Sunil Chabria